India’s Fiscal Shield Comes into Focus as Hormuz Crisis Darkens Outlook
Conflict Becomes Entrenched Through Several Intermittent Strikes
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2026-06-10 12:57 UTC
Resolution of the US-Israel war with Iran now appears further away than at any point in the conflict, with the latest American strikes pushing global markets into a more unsettled phase. The US launch of retaliatory attacks on Iranian defence and radar systems after Washington accused Tehran of responsibility for the downing of an American Apache helicopter near the Strait of Hormuz has shifted attention from the risk of a contained military exchange to the possibility of a prolonged confrontation in one of the world’s most important energy corridors.